Transactions by an executor, administrator, sheriff, or receiver in bankruptcy are expressly exempt from the Uniform Securities Act’s registration requirements. The same holds true for a single nonissuer transaction as well as for transactions involving underwriters or between issuers and underwriters.
Which of the following securities are exempt under the Uniform Securities Act quizlet?
What security or securities, if any, are EXEMPT from the Uniform Securities Act? Securities issued by Savings and Loans, municipal bonds, including industrial revenue bonds, and securities of businesses listed on stock exchanges are all considered exempt securities under the Act (a “blue chip” exemption).
Which of the following securities is are exempt from registration under the Uniform Securities Act?
The following securities are expressly listed as being exempt from state registration under the Uniform Securities Act (USA): U.S. government bonds. government securities from Canada. securities issued by national foreign governments.
Which of the following transactions is not exempt under the Uniform Securities Act?
Which of the following would NOT be regarded as an exempt transaction under the Uniform Securities Act? The sale to a specific client is not an exempt transaction even though the bonds are an exempt security. Unsolicited transactions, sales to institutions, and sales by fiduciaries are all exempt.
Which of the following are not exempt from the sections of the Uniform Securities Act which require registration and filing of advertising materials quizlet?
Which of the following is NOT an exception to the Uniform Securities Act’s provisions requiring the registration and filing of advertising materials? bonds that are secured by a common carrier, like a railroad company.
Which of the following transactions would be exempt from the advertising and sales literature filing requirements of the Uniform Securities Act?
Which of the following transactions would be exempt from the Uniform Securities Act’s filing requirements for advertising and sales literature? purchasers. Preorganization certificates are not paid for, so compensation is not possible.
Which of the following is required for a Preorganization subscription to be an exempt transaction?
There is no cap on the number of offers that may be made, and the sale of preorganization certificates is exempt if there is no commission for subscriber solicitation or payment and there are no more than 10 subscribers.
Which of the following securities is exempt from registration quizlet?
Which of the following securities is not required to be registered in the USA? Solution: B. Securities that are issued by a holding company that is subject to specific regulations, a railroad, a common carrier, a state or local government within the United States, or a public utility are examples of exempt securities.
Which of the following activities are prohibited practices under the Uniform Securities Act?
According to the Uniform Securities Act, which of the following actions is prohibited? selling a financial institution a non-exempt, unregistered security. selling individual clients shares of an unregistered, nonexempt security
What are exempt securities exempt from?
Exempt transactions are those involving securities that are exempt from the 1933 Securities Act’s registration requirements in whole or in part.
Which of the following securities are exempt from registration under the Securities Act of 1933 choose 3 answers?
Under the 1933 Act, securities such as municipal bonds, government bonds, and Small Business Investment Company issues are all exempt.
What is an exempt transaction?
When a company engages in an exempt transaction, which is a type of securities transaction, it is not required to register with any regulatory bodies as long as the number of securities involved is negligibly small in comparison to the issuer’s operations and no new securities are being issued.
In which of the following does registration of an issue become effective when ordered by the administrator?
Registration based on qualifications is valid as long as the Administrator thinks it is. The timing of the effective date is chosen by the Administrator only for the qualification form of registration. Qualification is one type of securities registration allowed by the Uniform Securities Act.
What securities are exempt from the Securities Act of 1933?
The most common exemptions from the registration requirements include:
- private offerings to a select group of people or organizations;
- offerings with a small size;
- offers made within states; and.
- Government securities from the local, state, and federal levels.
Which of the following would be defined as a sale or offer under the Uniform Securities Act?
Which of the following fits the Uniform Securities Act’s definition of a “sale” or “offer”? is an agreement to sell a security or a security interest for money.
Which of the following is an exempt issue quizlet?
Which of the following concerns is not included? The ideal response is A. Since the insurance company assumes the investment risk in fixed annuity contracts, they are regarded as insurance products and are not required to be registered with the SEC.
What is a non exempt transaction?
Any transaction that would be prohibited by Section 406 of ERISA or Section 4975 of the Code and for which there is no statutory, regulatory, or administrative exemption is referred to as a non-exempt prohibited transaction.
Which of the following are not exempt issues under the Securities Act of 1933?
The 1933 Act does not apply to insurance company offerings, with the exception of variable annuity and variable life contracts. Thus, the 1933 Act does not apply to a fixed annuity provided by an insurance company. Stock options and listed stocks are non-exempt issues that require SEC registration.
Which of the following securities is not exempt from the Securities Act of 1933 quizlet?
Under the Securities Act of 1933, securities issued by insurance companies and foreign governments are not exempt. However, non-security products like fixed annuities would not be subject to the registration requirements. Cite this section as 8.2 of the License Exam Manual.
Which of the following is an acceptable investment advisory contract provision under the Uniform Securities Act?
Which of the following is a valid Uniform Securities Act clause for an investment advisory contract? The ideal response is C. Investment advisors may be compensated as a percentage of all assets under management, but they are not permitted to be paid only on the basis of capital gains realized.
Which of the following does not meet the definition of agent as written in the Uniform Securities Act?
In the USA, a person who represents a broker-dealer or issuer in order to effect or attempt to effect purchases or sales of securities is referred to as an agent. People who represent an issuer in exempt transactions are not considered agents under the Uniform Securities Act.
What type of securities offering is not exempted from registration with the SEC quizlet?
Under the Securities Act of 1933, corporate bonds are non-exempt securities that need to be registered with the SEC.
Which of the following is not exempt from the definition of an investment advisor?
Which of the following is not expressly included in the Uniform Securities Act’s definition of an investment adviser? The definitions of investment adviser representatives (supervised persons) and investment advisers do not include full-time or temporary clerical or ministerial employees.
Which of the following is not true about offerings exempt from registration?
Which of the following statements regarding registration-exempt offerings is FALSE? The antifraud provisions of the federal securities laws are not applicable to exempt transactions that are not required to be registered with the SEC.
What does it mean to be an exempt security?
Exempt securities are financial instruments that carry government backing and typically have a government or tax-exempt status, as defined by Section 4 of the Securities Act of 1933.
Which of the following are covered under the Securities Exchange Act of 1934?
All non-exempt securities, such as common stocks, preferred stocks, corporate bonds, and options on securities, are regulated by the Securities Exchange Act of 1934. Only non-exempt securities are covered by the Securities Exchange Act of 1934’s general provisions.
What is the procedure by which federal covered securities registered under the Investment Company Act of 1940 file their offerings with state securities administrators?
Federal covered securities do not register with the state administrator, but they might be required to file records that are also filed with the federal registration, according to the state administrator. This process is referred to as notice filing.
Which of the following types of securities are exempt from registration requirements of the Securities Act?
Under US law, insurance company and Canadian municipal securities are not required to be registered. Any security that represents a stake in, owes money to, or is backed by a state-licensed insurance company that was established under the laws of another state is exempt.
Which of the following is not defined as a broker dealer under the Uniform Securities Act?
According to the Uniform Securities Act, a person who transacts business exclusively with one or more of the following parties is not considered a broker-dealer: issuers of the securities involved in the transaction, other broker-dealers, banks, savings institutions, trust companies, insurance companies, etc.
Which of the following are defined as issuers under the Uniform Securities Act?
Which of the following fall under the Uniform Securities Act’s definition of “issuers”? I. The corporation is the issuer of corporate securities. II. The issuer of collateral trust certificates is the party fulfilling the obligations of the depositor under the Trust agreement.
Which issue would be subject to registration under the Uniform Securities Act quizlet?
What issue would need to be registered with the Uniform Securities Act? Bank, insurance, and municipal securities are examples of exempt securities under the Uniform Securities Act. Corporate issues that are exempt under state law must be NASDAQ-listed or listed on an exchange.
Who is exempt from investment Advisers Act 1940?
According to section 203(m) of the Advisers Act, any investment adviser who only advises private funds and has less than $150 million in assets under management in the United States is exempt from registration requirements.
Who qualifies as an exempt reporting adviser?
Advisors based in the United States who only manage private funds and have less than $150 million in assets under management are eligible for the private fund adviser exemption.
Which of the following securities is exempt from registration quizlet?
Which of the following securities is not required to be registered in the USA? Solution: B. Securities that are issued by a holding company that is subject to specific regulations, a railroad, a common carrier, a state or local government within the United States, or a public utility are examples of exempt securities.
What is exempt from the Securities Act of 1933?
Exempt transactions are those involving securities that are exempt from the 1933 Securities Act’s registration requirements. Regulation A Offerings, Regulation D Offerings, Intrastate Offerings, and Rule 144 Offerings are four common examples of transaction exemptions in the United States.
What is an exempt transaction?
When a company engages in an exempt transaction, which is a type of securities transaction, it is not required to register with any regulatory bodies as long as the number of securities involved is negligibly small in comparison to the issuer’s operations and no new securities are being issued.
Which of the following securities is exempt from registration?
Municipal bonds and Treasury securities issued by the United States are both exempt from registration.
Which action is a prohibited practice under the Uniform Securities Act?
Which of the following actions by an investment adviser is prohibited by the Uniform Securities Act? In the USA, it is illegal for an investment adviser to act as the principal or agent in a transaction with an advisory client without consent and before the trade has been settled.
Which of the following is an acceptable investment advisory contract provision under the Uniform Securities Act quizlet?
Which of the following is a valid Uniform Securities Act clause for an investment advisory contract? The ideal response is C. Investment advisors may be compensated as a percentage of all assets under management, but they are not permitted to be paid only on the basis of capital gains realized.